,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #hba  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,m>* #ad1 #bjai,mr4    
,cram] 7= himself & ,mr4 ,k5n$y7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,f$]al ,res]ve ,act  
to prohibit c]ta9 memb] banks f us+     
disc\nt w9d[ l5d+ programs1 & = o!r     
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,fre$om ,f9anc+ ,act4  #b4 
,f9d+s ,congress f9ds t--  7#a7 article 
,i ( ! ,con/itution ( ! ,unit$ ,/ates   
gu>antees ! p ( ! ,unit$ ,/ates ! "r to 
enact policy re=ms ?r\gh ! free & fair  
election ( repres5tatives2 &  7#b7 memb]
 banks lev]ag+ _! p[] & position to     
effectively illegalize legal comm]ce by 
refus+ to d bus9ess ) c]ta9 indu/ries & 
individuals due to _! diff]+ political  
beliefs f ! memb] bank violates & usurps
 ! p ( ! ,unit$ ,/ates & ! "r ( _!      
elect$ repres5tatives to det]m9e public 
policy4  #c4 ,advances to individual    

memb] banks  7a7 ,memb] banks ,section  
#aj;,b ( ! ,f$]al ,res]ve ,act 7#ab     
,u4,s4,c4 #cdg;b7 is am5d$ by add+ at ! 
end ! foll[+3  7c7 ,prohibition on use (
 disc\nt w9d[ l5d+ programs  7#a7       
,def9ition ,9 ?is subsection1 ! t]m     
traditional und]writ+ & cr$it           
consid]ations-- 7,a7 includes a         
good-fai? det]m9ation by a memb] bank t 
! memb] bank lacks suffici5t famili>ity 
) a l9e ( bus9ess or geographic region  
to d bus9ess ) a p]son 9 t l9e ( bus9ess
 or geographic region2 &  7,b7 does n   
include reputational risks4  7#b7       
,prohibition ,no memb] bank ) m ?an     
#aj1jjj1jjj1jjj 9 total consolidat$     
assets may use a disc\nt w9d[ l5d+      
program if ! memb] bank refuses to d    
bus9ess ) any p]son lic5s$ "u section   
#ibc ( title #ah1 ,unit$ ,/ates ,code1  
:o is 9 compliance ) ! law1 bas$ on     
conc]ns o!r ?an traditional und]writ+ & 
cr$it consid]ations4  4  7b7 ,insur$    
depository in/itutions ,section         
#h7;a77#b77;,a7 ( ! ,f$]al ,deposit     

,insurance ,act 7#ab ,u4,s4,c4          
#ahah7;a77#b77;,a77 is am5d$-- 7#a7 9   
clause 7ii71 by /rik+ or at ! end2  7#b7
 9 clause 7iii71 by /rik+ ! comma at !  
end & ins]t+ 2 or2 &  7#c7 by add+ at ! 
end ! foll[+3  7iv7 an insur$ depository
 in/itution ) m ?an #aj1jjj1jjj1jjj 9   
total consolidat$ assets t refuses to d 
) any p]son lic5s$ "u section #ibc (    
title #ah1 ,unit$ ,/ates ,code1 :o is 9 
compliance ) ! law1 bas$ on conc]ns o!r 
?an traditional und]writ+ & cr$it       
consid]ations1 z def9$ 9 section        
#aj;,b7c7 ( ! ,f$]al ,res]ve ,act 7#ab  
,u4,s4,c4 #cdg;b7c774  4  #d4 ,paym5t   
c>d network  7a7 ,def9ition ,9 ?is      
section1 ! t]m paym5t c>d network has ! 
mean+ giv5 ! t]m 9 section #iba7;c7 ( ! 
,electronic ,fund ,transf] ,act 7#ae    
,u4,s4,c4 #afico-#b7;c774  7b7          
,prohibition ,no paym5t c>d network may1
 directly or ?r\gh any ag5t1 processor1 
or lic5s$ memb] ( ! network1 by         
contract1 requirem5t1 condition1 p5alty1
 or o!rwise1 prohibit or inhibit !      

ability ( any p]son lic5s$ "u section   
#ibc ( title #ah1 ,unit$ ,/ates ,code1  
:o is 9 compliance ) ! law1 to obta9    
access to s]vices or products ( ! paym5t
 c>d network because ( political or     
reputational consid]ations4  7c7 ,civil 
p5alty ,any paym5t c>d network t        
violates subsection 7b7 %all be assess$ 
a civil p5alty ( n m ?an #aj p]c5t ( !  
value ( ! s]vices or products describ$ 9
 t subsection1 n to exce$ #aj1jjj p]    
violation4  #e4 ,cr$it unions  7a7      
,advances to cr$it unions ,section #ac (
 ! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4   
#cdb7 is am5d$ by ins]t+ ,provid$ fur!r1
 ,t no su* nonmemb] bank or tru/ company
 ) m ?an #aj1jjj1jjj1jjj 9 total        
consolidat$ assets may refuse to d      
bus9ess ) any p]son lic5s$ "u section   
#ibc ( title #ah1 ,unit$ ,/ates ,code1  
:o is 9 compliance ) ! law1 bas$ on     
conc]ns o!r ?an traditional und]writ+ & 
cr$it consid]ations1 z def9$ 9 section  
#aj;,b7c73 aft] appropriate34  7b7      
,revocation ( ,,ncua insurance ,section 

#bjf7;b77#a7 ( ! ,f$]al ,cr$it ,union   
,act 7#ab ,u4,s4,c4 #aghf7 is am5d$ by  
ins]t+ or is refus+ or has refus$ to d  
bus9ess ) any p]son lic5s$ "u section   
#ibc ( title #ah1 ,unit$ ,/ates ,code1  
:o is 9 compliance ) ! law1 bas$ on     
conc]ns o!r ?an traditional und]writ+ & 
cr$it consid]ations1 z def9$ 9 section  
#aj;,b7c7 ( ! ,f$]al ,res]ve ,act 7#ab  
,u4,s4,c4 #cdg;b7c771 aft] z an insur$  
cr$it union14  #f4 ,use ( ,automat$     
,cle>+ ,h\se ,network  7a7 ,def9itions  
,9 ?is section3 7#a7 ,cov]$ cr$it union 
,! t]m cov]$ cr$it union means--  7,a7  
any insur$ cr$it union1 z def9$ 9       
section #aja ( ! ,f$]al ,cr$it ,union   
,act 7#ab ,u4,s4,c4 #ageb72 or  7,b7 any
 cr$it union t is eligible to make      
application to become an insur$ cr$it   
union "u section #bja ( ! ,f$]al ,cr$it 
,union ,act 7#ab ,u4,s4,c4 #agha74  7#b7
 ,memb] bank ,! t]m memb] bank has !    
mean+ giv5 ! t]m 9 ! ?ird undesignat$   
p>agraph ( ! fir/ section ( ! ,f$]al    
,res]ve ,act 7#ab ,u4,s4,c4 #bba74  7b7 

,prohibition ,no cov]$ cr$it union or   
memb] bank ) m ?an #aj1jjj1jjj1jjj 9    
total consolidat$ assets may use !      
,automat$ ,cle>+ ,h\se ,network if t    
memb] bank refuses to d bus9ess ) any   
p]son lic5s$ "u section #ibc ( title    
#ah1 ,unit$ ,/ates ,code1 :o is 9       
compliance ) ! law1 bas$ on conc]ns o!r 
?an traditional und]writ+ & cr$it       
consid]ations1 z def9$ 9 section        
#aj;,b7c7 ( ! ,f$]al ,res]ve ,act 7#ab  
,u4,s4,c4 #cdg;b7c771 z add$ by section 
#c7;a7 ( ?is ,act4